HVP: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
HVP
Largest movements
- Receivables within one year +€37,074
new in 2024: €37,074
of which Trade receivables: +€25,982
- Cash +€5,486
new in 2024: €5,486
mainly Net result for the year (+€25,150) and Trade debts (+€12,300)
- Formation expenses +€1,177
up €1,177 (+118%), from €1,000 to €2,177
- Profit (loss) carried forward +€25,150
new in 2024: €25,150
- Trade debts +€12,300
new in 2024: €12,300
- Tax, wage and social debts +€6,287
new in 2024: €6,287
- Gross operating margin +€51,539
new in 2024: €51,539
- Write-downs +€19,742
new in 2024: €19,742
- Taxes +€6,287
new in 2024: €6,287
From the 2023 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,000 | €44,737 | +€43,737 | +4,374% |
| Formation expenses | 20 | €1,000 | €2,177 | +€1,177 | +118% |
| Current assets | 29/58 | - | €42,560 | +€42,560 | |
| Amounts receivable within one year | 40/41 | - | €37,074 | +€37,074 | |
| Trade receivables | 40 | - | €25,982 | +€25,982 | |
| Other amounts receivable | 41 | - | €11,092 | +€11,092 | |
| Cash at bank and in hand | 54/58 | - | €5,486 | +€5,486 | |
| Total equity and liabilities | 10/49 | €1,000 | €44,737 | +€43,737 | +4,374% |
| Equity | 10/15 | €1,000 | €26,150 | +€25,150 | +2,515% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €25,150 | +€25,150 | |
| Amounts payable | 17/49 | - | €18,587 | +€18,587 | |
| Amounts payable within one year | 42/48 | - | €18,587 | +€18,587 | |
| Trade debts | 44 | - | €12,300 | +€12,300 | |
| Suppliers | 440/4 | - | €12,300 | +€12,300 | |
| Taxes, remuneration and social security | 45 | - | €6,287 | +€6,287 | |
| Taxes | 450/3 | - | €6,287 | +€6,287 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,742 | +€19,742 | |
| Other operating charges | 640/8 | - | €211 | +€211 | |
| Gross operating margin | 9900 | - | €51,539 | +€51,539 | |
| Operating profit (loss) | 9901 | - | €31,586 | +€31,586 | |
| Financial charges | 65/66B | - | €149 | +€149 | |
| Recurring financial charges | 65 | - | €149 | +€149 | |
| Profit (loss) for the period before taxes | 9903 | - | €31,437 | +€31,437 | |
| Income taxes | 67/77 | - | €6,287 | +€6,287 | |
| Profit (loss) for the period | 9904 | - | €25,150 | +€25,150 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €25,150 | +€25,150 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.